Tag: AML

In an era where digital transformation is paramount, asset managers are recognising the indispensable role of automating Anti-Money Laundering (AML) processes.

In a recent post by Napier, the firm outlined three ways blockchain could reshape AML in wealth and asset management. 

In 2023, the banking sector faced key compliance challenges with fines for lapses in AML, KYC and related regulatory areas reaching a staggering $6.6bn.

Frankfurt has been selected to house the new Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA).

One of the most pressing issues with the financial industry right now is document fraud. How can RegTech's tackle this challenge and provide more support?

Napier, a pioneer in global financial crime compliance RegTech, has expanded its offerings with two innovative solutions: Napier Continuum Live and Napier Continuum Flow....

In a significant development reported in October 2023, the United Arab Emirates (UAE) is on the cusp of being removed from the Financial Action Task Force's (FATF) "grey list."

The asset servicing industry is currently navigating through turbulent waters, marked by escalating fee pressures, rapid technological advancements, stringent regulations, and a volatile macroeconomic...

In the intricate world of FinTech, the geopolitical landscape plays a pivotal role in shaping compliance and regulatory frameworks. The aftermath of the Russian invasion of Ukraine in February 2022 has dramatically altered the sanctions regime, presenting unprecedented challenges for financial institutions (FIs). This seismic shift, marked by a surge in sanctions against various entities and individuals, underscores the necessity for FIs to adapt swiftly to remain compliant.

As we step into the second month of 2024, financial institutions (FIs) and regulated entities face a future that is anything but certain. Following a year marked by considerable upheaval, the question on everyone's mind is how to best prepare for what lies ahead.